Crypto TAX

Japan has approved a sweeping crypto regulatory overhaul that shifts digital assets from a payments-focused regime into an investment framework. The changes tighten oversight of issuers and exchanges, raise penalties for unregistered operators, and lay groundwork for future spot bitcoin ETFs.

Leading U.S. crypto advocacy groups are urging the House tax committee to move forward with a bill that would clarify how mined assets and staking rewards are taxed. The push comes as industry tax policy becomes a second major lobbying front alongside market structure legislation.

Illinois Governor J.B. Pritzker signed a $56 billion budget that includes a new 0.2% tax on digital asset business activity. The last-minute measure is now drawing scrutiny from crypto firms facing new reporting obligations.

A sweltering week in New York matched the temperature in Washington as lawmakers and regulators pushed ahead on crypto tax rules and prediction market oversight. Court developments, including a rejected Sam Bankman-Fried appeal, added to the fast-moving policy backdrop.